Reliance Industries may renegotiate Future group valuation: Bankers

With the Future group of companies witnessing a steep fall in sales and profits, investment bankers are saying their valuation has taken a severe beating over the past one year. With the Covid-19 crisis expected to affect sales for the next three quarters, bankers said Reliance Industries Ltd (RIL) may re-negotiate the Rs 25,000 crore valuation of the Future group assets. For the three months ended December 2020, all Future group companies reported a combined revenue of Rs 3,228 crore and a loss of Rs 1,450 crore. This was as compared to pre-Covid sales of Rs 9,652 crore and .....

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